This might be a good time to point out that they could have built the same app for a tiny fraction of the amount spent. If they had done that, they'd still be moving down the road looking for traction.
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Color Will Shut Down on December 31st
61–66 of 66 posts
Re: Color Will Shut Down on December 31st
#62Was the original idea for you to take a picture at an event and see other people at the event taking the same pictures? What is is now? And is anyone implementing the original idea? I think it is pretty cool, not 30/40 million cool
dabble is: http://dabble.it
This is really cool. I love the idea
Re: Color Will Shut Down on December 31st
#63In 1.5 years, $41 M gone. This company was full of so much drama. It's a shame that really good investors had to deal with a lot of grime.
Who's to say that they spent the $41.m million? What ever's left will be returned. The fact that Apple bought them for $9M hints that Apple may be covering the amount they spent but even that is pretty hefty. The investors won't be able to reinvest it in their current funds though.
Re: Color Will Shut Down on December 31st
#64Does anyone else know of open source (or not) tech that would easily allow live streaming like color did? I'm sure it needs some kind of beefy backend, no? Use case: Local sporting events with smartphone holding spectators capturing different "views".
Given that they had the cash, Akamai's iPhone streaming service or they rolled their own. It's fairly well documented, search for HTTP Live Streaming. The kicker is building it out to manage thousands of connections without dropping quality, and getting low-delay if you want a genuine 'live' experience. There's also OpenTok.
Re: Color Will Shut Down on December 31st
#65Was the original idea for you to take a picture at an event and see other people at the event taking the same pictures? What is is now? And is anyone implementing the original idea? I think it is pretty cool, not 30/40 million cool
Not quite Color, but Google announced something similar at the last I/O:
Re: Color Will Shut Down on December 31st
#66Earlier quoted context omitted.
Pick an unsearchable name for your product, then don't make a product. I think it was performance art.
This was my thought too, and set when I searched on un-logged in Google, they are number 1 for "color".
Now we know what they needed $42 million for!